CDP account holders will soon be able to access their portfolios via SingPass

SINGAPORE'S securities depository system has moved a step closer to being unified on the national one-step financial planning service, SGFinDex (Singapore Financial Data Exchange).

From Feb 1, all Singaporeans and permanent residents with active individual and joint Central Depository (CDP) securities accounts can access CDP Internet using SingPass to view their CDP securities portfolios and access account statements online, said CDP in an email to account holders on Thursday.

This service will be available by default. Work pass holders who are eligible for SingPass will be provided with the same access by mid-2022. Corporates, trustees and foreigners may apply to access CDP Internet using their user ID.

Currently, individuals are not able to access information on their CDP stock holdings via the SGFinDex infrastructure launched last December.

SGFinDex enables Singaporeans to use their SingPass to retrieve their personal financial information - such as deposits, credit cards, loans, and investments - from participating banks, as well as other information such as HDB loans and CPF balances from government agencies.

The participating banks are DBS, OCBC, UOB, Standard Chartered, Citi, HSBC and Maybank. Data that can be retrieved from public agencies via MyInfo include CPF account balances, HDB loan balance and monthly loan instalment, as well as yearly assessable income from the Inland Revenue Authority of Singapore.

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